Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) [The following information applies to the questions displayed below) Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $10,000. Llang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $16,000 and had recorded depreciation for three years. E9-11 (Algo) Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $6,000, (b) $5,000, and (c) $10,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the sale of the truck that has an accumulated depreciation balance of $6,000 at the time of disposal Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) [The following information applies to the questions displayed below.) Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $10,000. Llang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $16,000 and had recorded depreciation for three years. E9-11 (Algo) Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $6,000, (b) $5,0 and (c) $10,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet 1 3 Record the sale of the truck that has an accumulated depreciation balance of $5,000 at the time of disposal, Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5) [The following information applies to the questions displayed below.) Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a de truck for $10,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for and had recorded depreciation for three years. 9-11 (Algo) Part 4 9. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $6,0 and (c) $10,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acce View transaction list Journal entry worksheet 1 2 > Record the sale of the truck that has an accumulated depreciation balance of $10,000 at the time of disposal. Note Enter debit before credits
